Novan Inc (NOVN) has released an update to notify the public and investors about a regulation fd disclosure.
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NVN Liquidation, Inc. and its subsidiary, EPI Health, LLC, filed for Chapter 11 bankruptcy in July 2023. In January 2024, they submitted their monthly operating reports for December 2023, which are not to be used for investment decisions as they are unaudited, not prepared in accordance with GAAP, and subject to change. The company warns that trading its securities is highly speculative, acknowledging that its common stock will likely be canceled without value to stockholders due to debts, making current trading prices unreliable indicators of future recovery.
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